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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$999,999

Est. payment - /mo

5,384 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID SB26120106

HOA Y/N No

Year Built 1921

Lot Size 5,384 Sqft

Property Sub-Type Triplex

Property Description

For the owner-user, this is a rare live-and-earn opportunity. Occupy one of the units and let the other two work for you — tenant rents offset a substantial portion of your monthly carrying costs, making homeownership in Long Beach dramatically more attainable while you build equity in a cash-flowing asset. FHA and low-down owner-occupant financing options may apply.

This exceptional triplex features a detached (3) bedroom 1 bath home, and a duplex with (2) 1 bedroom 1 bath units located in the rear. This unit mix delivers strong in-place income of $6,865/month with clear upside through market rent increases. Interiors have been updated with fresh finishes and systems and recent capital improvements remodels, roof work, and exterior paint — substantially reducing near-term maintenance obligations for a new owner.

For the investor, this property generates immediate cash flow from day one. With a 30% down conventional loan, you step into positive cash flow at current rents with strong long-term appreciation potential and multiple built-in avenues to grow income over time. In addition, ADU permits were pursued to convert existing garages into more units (buyer to verify) offering another value-add play.

Located in a desirable Long Beach rental corridor, 2310 Elm Avenue offers an exceptional combination of immediate income, long-term appreciation, and multiple paths to grow value. Whether you are an investor seeking a turn-key cash-flowing asset or an owner-user ready to reduce your cost of living, this is the opportunity you have been waiting for.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR1N

Interior

Heating Wall Furnace

Fireplace No

Laundry Common Area, Inside

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Sidewalks, Urban

Utilities Available Electricity Connected, Natural Gas Available, Sewer Connected, Water Available

Roof Type Shingle

Total Parking Spaces 5

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7208016022

Energy Description 2040.0

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by William Mulkey TR Wealth Management Inc. Bill@BillMulkey.com, DRE #00986020

NEARBY SCHOOL & BUSINESS

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2310 Elm Long Beach, CA 90806